{"id":414122,"date":"2021-05-10T09:16:31","date_gmt":"2021-05-10T03:46:31","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=414122"},"modified":"2021-05-10T10:40:44","modified_gmt":"2021-05-10T05:10:44","slug":"indian-airlines-risk-consolidation-plane-repossessions-amid-covid-19-surge","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/indian-airlines-risk-consolidation-plane-repossessions-amid-covid-19-surge\/","title":{"rendered":"Indian airlines risk consolidation, plane repossessions amid COVID-19 surge"},"content":{"rendered":"<p>India&#8217;s airlines are under renewed pressure to raise cash or face the risk of having to downsize, consolidate or have their planes repossessed by lessors as a surge of COVID-19 infections roils travel.<\/p>\n<p>Passenger traffic fell by nearly 30% in April from a month before and has halved again so far in May, forcing even the country&#8217;s biggest and most cashed-up carrier, IndiGo, to prepare for action.<\/p>\n<p>IndiGo&#8217;s parent, Interglobe Aviation NSE 1.74 %, will meet on Friday to consider an equity raising, just months after it abandoned plans to raise up to 40 billion rupees ($543 million) in January in response to a speedy recovery in travel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s airlines are under renewed pressure to raise cash or face the risk of having to downsize, consolidate or have their planes repossessed by lessors as a surge of COVID-19 infections roils travel. Passenger traffic fell by nearly 30% in April from a month before and has halved again so far in May, forcing even the country&#8217;s biggest and most cashed-up carrier, IndiGo, to prepare for action. IndiGo&#8217;s parent, Interglobe Aviation NSE 1.74 %, will meet on Friday to consider an equity raising, just months after it abandoned plans to raise up to 40 billion rupees ($543 million) in January [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[192,130,136],"tags":[],"class_list":["post-414122","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=414122"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/414122\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=414122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=414122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=414122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}